Bharat Rakshak

/http://nation.com.pk/pakistan-news-newspaper-daily-english-online/Business/03-Aug-2011/Inflation-rises-to-1377pc

Inflation rises to 13.77pc

Inflation surged to 13.77 per cent during the first month of the ongoing financial year 2011-2012 (July) against the same period of last year, Federal Bureau of Statistics reported on Tuesday.
According to the latest figures, inflation based on Consumer Price Indicator (CPI) went up to 13.77 per cent in July 2011 against the same month of last financial year (July 2010). Meanwhile, inflation measured through Sensitive Price Indicator (SPI) increased by 17.34 per cent and Wholesales Price Index (WPI) based inflation enhanced by 21.13 per cent during the first month of the year 2011-2012.
The economists believed that there were several reasons behind this increasing inflation and one of the main reasons behind the soaring inflation was rise in prices of basic essential items, ahead of the holy month of Ramazan, which is a common practice.

PR engine oil’s stock ends again, all trains delayed

Thursday, August 04, 2011 1:23:15 PM

KARACHI: Pakistan Railways' (PR) engine oil stock has ended once again; it is feared that the trains, already late, will be further delayed now, SAMAA reported on Thursday.

Industrialists slam increase in power tariff

BTW, 12 hour loadshedding still continues in Pakistan.

See, that is a negative way of looking at things in pakiland. Look at it this way: Pakis now have 12 hours of non-stop electricity supply.

I wonder how are they running radars and other installations, perhaps on generators. Probably amir-khan can go undetected if they repeat Abottabad. That will throw whole country into more chaos.

Leading aid and development charity Oxfam said 36 per cent of Pakistanis were undernourished, listing Pakistan among the 21 nations of the world which were found to be undernourished according to an interactive map published on Wednesday.

http://www.dawn.com/2011/08/04/36pc-of-pakistanis-undernourished.html

Economics 101 by Professor Hafeez. PBUH. May his tribe keep running the L'affaires du Pa'astan. Some nuggets:

Hafeez admits economy in bad shape



Now here's the fun part of fundamentals (as any student of economics will quickly point out):



Besides the excellent grasp of the fundamentals of Economics 101 (hey, he has a Phd), all is well in the land of the loons. And, here's Dr. Sheikh doing his best impression of a deer caught in the headlights of an incoming freight train.

x posting from tsp dhaaga
^^^^
previously TSPA /RAPES were against giving MFN to India. Now what has changed the stance.
The only things I can think of – If TSPA agreed to it then it is a worsened sign for TSPA sake.
Deteriorating economic conditions-
3.5 friends getting tougher on TSPA not getting easy money/alms etc. for free or thru’ IMF etc.
Not winning any quotas in oiropean markets
Floods having an impact- recall feudal lords with large tracts of land poor electricity
Soossai bummers violent clashes poor industrialization no increased productivity internally displaced peoples etc.

The above are all well known.
But what takes the cake is – the whole conditions are biting the RAPE/TSPA class also in their musharraf.
Slowly but surely the tightening economic crisis is what making them open to MFN with India. Now India though is kaffir, they can exercise taqqiyya till economic conditions stabilize with India’s help. It is a delicate balance.
Previously they used to laugh at our MFN proposal knowing that 3.5 friends would bail them out. Though aam pakiabduls used to suffer because of increased prices in black market for Indian goods purchased thru’ dubai RAPES were relatively immune.

The questions now is for how long TSPA will give MFN status to kuffr nation, how will aam pakiabduls look at this new status.
In the short run it will embolden the RAPES to tighten their economic hold on the populace. once that happens they will rescind the MFN status. They will avoid long term MFN status IMO as it will benefit the common folks there.

JMTs
--

edited- thanks SS (from TSP thread)

he does not comment on the revenues of the government- taxes to be paid by RAPES to sustain the economy.
large fertile lands in hands of fuedal lords ruling the nation, rich but unwilling to pay taxes.
The remaining 180 million poor TSPians do not have money to pay taxes.
the economic woes have taken a turn for the worse due to a crisis in 3.5 friends who are also angry with TSP double crossing. They are refusing to foot the bill.

So the TSP woes are due to 3.5 friends onlee.
The whole world is defaming TSP and want to unravel it.

Sorry but couldn't resist the ROFLs for these kind of "coffee on keyboard" posts!!

Published on Aug 05, 2011
Pakistan losing edge in football export: The News (Pakistan)

Govt’s wrong policies worsening fertilizer crisis





Poor pakis... They have state-of-the-art plants but can't run them due to gas shortage. Its like having stolen nukes but no mechanism to deliver them. After textile industry fertilizer plants also looks to be badly affected.

pakistan software export $750m


funny I can't find a ranking list of pakistani IT companies by revenue. Some of their fastest growing companies within pakistan has revenue in the range of 1-2m dollars. Don't know how they are justifying this figure.

Request if anyone know the link of list of pakistan IT companies by revenue then kindly post.

pakistan is also fanatically printing so many Indian banknotes that we should reduce printing them in India, catch the consignment coming from pakistan and make the notes official.

The Railways of the Islamic Republic of Pakistan records “progress” in that nations headlong (d)evolution to 570 AD.

Passenger and freight capacity levels of Pakistan Railways have “progressed” to the levels that existed in 1955 :

One is staggered by the Paki refusal to even mention the only possible solution for its Railways.

India was WDP-2 by the truck load. They are tough and time tested for our dust and heat and rain. They are also cheap. It would be no problem at all to ship say 200 locomotives to TSP in 2-3 days. Why does not one Liberal Paki ever mention that, Huh! Jihadi Panda ass kissers.

bhy are them not importing advanced chini technology and manufacture jet engine powered diesel locomotions in the land of the pure. chini should immediately export their bullet trains to pures for testing parpases.

I also get this question. Since I don't have finance background, I struggle to find the exact answer. One thing I know that exchange rate has more than one variables. Difference in two countries inflation is just one of them.

India also has significant inflation but exchange rate is stable. Is it because of foreign investment? Because foreign investment reduces the local currency in the foreign exchange market thus resulting in appreciation of local currency. I think one more reason may be the India's strong financial growth creates very positive impression in the exchange market and like stock market, currency also goes up because of this speculation.

In case of Pakistan FDI is going down, inflation is so high and everyone has got the impression that this country is going down, so logically their currency should go down as well. But looks like its kind of stable in last two years. May be an expert here can explain this.

You can depend on Pakis to use them for soosai missions as they are bullet trains!

No expert here but Pakis have a fixed exchange rate IIRC. They can set it anywhere they like as long as they pay out in dollars what is owed in dollars. As long as IMF/Ameriki/Remittance dole keeps coming in at $10 Billion per year combined, they are able to pay the foreign suppliers and there will be no depreciation. When their exports start drying up due to internal inflation, and there is plenty of evidence for this, depreciation will have to restart or the currency reserves will be crushed.

Textile export earnings to fall $1b
http://nation.com.pk/pakistan-news-news ... to-fall-1b

Even Better why does Pakistan not just disband the PR, and sell the steel as scrap. It will bring in valuable foreign exchange. High end Pakis can always travel by Air.

Something similar I wrote:

10 years ago during operation Parakram I wished Pakistan would reach a stage where it can no longer operate PR( it provides important logistics to the PA). Next step RAPES will live in gated comminties and when venturing out they with fauji guards who will shoot an abdul that comes in the way. Situation would be ripe for Internal bloodbath which will lead to 4 smaller states contstantly engaged in fighting each other.

PepsiCola (PEPCO) directed to pay outstaning amounts and wind up its operations.

Centre given three months to wind up Pepco

According to the online edition of (Pak) The Express Tribune, Pakistan has decided that it would not try and get the remaining part (i.e. US $ 3.4 billion) of the latest IMF bailout, since it has been unable to meet the conditions imposed by IMF.

It was news to me that "Since 1988, Pakistan has sought bailouts from the IMF 11 times and failed to complete all but one of them. The one signed in December 2001 was completed ahead of schedule."


But they are not giving up.

link

r_subramanian,
pakistan is not asking IMF loan, but it is asking for extortion money, plain and simple.

What is difforence guruji they will not repay the loan also. So you can call it anything inclduing begging

Committee power: Energy crisis will be over ‘soon’



Don't be surprised if you see Chinese helping here to build dams.

The textile guys seem to be doing OK.

Why is MMS backing off on the objections to EU quota relaxations / preferences for the pakis??


Textilers spin out big profits

AoA

Economy suffers Rs15b loss 
due to strike

State of Pukes reminds me of Ayn Rand's Atlas Shrugged. Mayhem in all sectors. Though in this case it is Atlas (got) bombed

Published on Aug 29, 2011
Pakistan seeks India’s support to get EU’s GSP plus facility: Fibre2fashion

Pakistan debt: The case of the missing $5.7 billion.

It seems Pakistan's finance ministry and its central bank are not on the same page when it comes to calculating the government's short-term borrowing activity as their figures have an apparent discrepancy of $5.7 billion.

The office in the Pakistan's finance ministry charged with keeping track of the country's total debt and liabilities appears to have no clue about government's short-term borrowing activity in the local bond market, The Express Tribune daily said in a report on Monday.

It added the office was unable to explain an apparent $5.7 billion discrepancy between the amount of loans that the finance ministry claims it paid back and the repayment numbers tracked by the central bank.

According to the State Bank of Pakistan, the government paid back $7.8 billion in principal on public debt during the fiscal year that ended June 30 this year.The finance ministry's figure for the same category is $2.2 billion.

The discrepancy came to light during an internal meeting at the finance ministry, headed by Finance Secretary Waqar Masood.To the shock of all of the officials present, the Director-General of the Debt Office, Masroor Qureshi, appeared to be completely unaware of the discrepancy, the daily said quoting sources.

This is the second time in recent weeks that the Debt Office's claims on the nation's financial liabilities have been called into question by the State Bank.Earlier, the central bank had come up with figures for Pakistan's overall debt and liabilities that were much higher than those declared by the finance ministry.

The main source of the discrepancy appears to be about $4.9 billion in short term borrowing from local banks, the report said.The maturity on all of these loans was less than one year.However, the finance ministry appears to be completely unaware about this borrowing

S M Husnain Bukhari, a senior official at the State Bank, said that most of this money was borrowed for liquidity management purposes, with some even being borrowed overnight.He added that he was not surprised that the figure was not reflected in the finance ministry's documents."He did, however, add that the central bank's figures were accurate and reflected a true picture of the country's financial affairs," the daily said.